B. Metzler seel. Sohn & Co. AG Lowers Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

B. Metzler seel. Sohn & Co. AG trimmed its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 40.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 21,231 shares of the company’s stock after selling 14,224 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Boot Barn were worth $3,223,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in BOOT. Signaturefd LLC increased its position in shares of Boot Barn by 201.8% in the fourth quarter. Signaturefd LLC now owns 166 shares of the company’s stock worth $25,000 after purchasing an additional 111 shares during the last quarter. Blue Trust Inc. raised its position in shares of Boot Barn by 1,430.0% during the 4th quarter. Blue Trust Inc. now owns 153 shares of the company’s stock valued at $26,000 after buying an additional 143 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of Boot Barn by 45.2% during the 4th quarter. Assetmark Inc. now owns 363 shares of the company’s stock worth $55,000 after acquiring an additional 113 shares during the last quarter. R Squared Ltd purchased a new position in Boot Barn in the fourth quarter worth $102,000. Finally, Smartleaf Asset Management LLC raised its position in Boot Barn by 212.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 749 shares of the company’s stock valued at $115,000 after purchasing an additional 509 shares in the last quarter.

Wall Street Analyst Weigh In

BOOT has been the subject of a number of research reports. Craig Hallum set a $178.00 price objective on Boot Barn in a report on Friday, January 31st. UBS Group reduced their price target on shares of Boot Barn from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. Robert W. Baird lowered their price objective on shares of Boot Barn from $190.00 to $155.00 and set an “outperform” rating for the company in a report on Wednesday, March 5th. BTIG Research increased their target price on shares of Boot Barn from $185.00 to $190.00 and gave the company a “buy” rating in a report on Monday, January 13th. Finally, StockNews.com downgraded shares of Boot Barn from a “hold” rating to a “sell” rating in a research note on Monday, February 17th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Boot Barn currently has an average rating of “Moderate Buy” and an average target price of $181.92.

Boot Barn Stock Performance

Shares of BOOT stock opened at $110.98 on Wednesday. The firm has a market cap of $3.40 billion, a P/E ratio of 19.82, a P/E/G ratio of 1.17 and a beta of 2.07. The business’s 50 day moving average price is $127.84 and its 200-day moving average price is $142.83. Boot Barn Holdings, Inc. has a fifty-two week low of $95.28 and a fifty-two week high of $176.64.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings data on Thursday, January 30th. The company reported $2.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.05 by $0.38. Boot Barn had a net margin of 9.36% and a return on equity of 17.11%. As a group, equities analysts predict that Boot Barn Holdings, Inc. will post 5.82 EPS for the current year.

Insider Buying and Selling

In related news, CEO John Hazen sold 6,311 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $152.98, for a total value of $965,456.78. Following the sale, the chief executive officer now directly owns 3,937 shares of the company’s stock, valued at $602,282.26. This represents a 61.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is owned by insiders.

Boot Barn Company Profile

Boot Barn Holdings, Inc, a lifestyle retail chain, operates specialty retail stores in the United States. The company's specialty retail stores offer western and work-related footwear, apparel, and accessories for men, women, and kids. It offers boots, shirts, jackets, hats, belts and belt buckles, handbags, western-style jewelry, rugged footwear, outerwear, overalls, denim, and flame-resistant and high-visibility clothing.